This Question: 7 pts 1 of 3 (0 complete) This Quiz: 20 pts possib Below is the comparative income statement of P. Donnelly, Inc. (Click the icon to view the comparative income statement.) Read the requirements. Requirement 1. Prepare a horizontal analysis of the comparative income statement of P. Donnelly, Inc. Round percentage changes to the nearest tenth of a percent, X.X%. (Use a minus sign or parentheses for a decrease.) P. Donnelly, Inc. Horizontal Analysis of Comparative Income Statement Data Table Years Ended December 31, 2018 and 2017 Increase (Decrease) 2018 P. Donnelly, Inc. 2017 Amount Percentage Revenue S Comparative Income Statement 499,000 S 403,700 % Years Ended December 31, 2018 and 2017 Expenses: 2018 2017 Cost of goods sold 250,000 187,000 % Selling and general expenses $ 499,000 S 403,700 115,200 112,200 1% Revenue Interest expense 6,500 4,000 Expenses: Income tax expense 50,400 39,800 Cost of goods sold 250,000 187.000 % 422.100 343,000 Selling and general expenses 115,200 112 200 Total expenses % S 6,500 Interest expense 76,900 $ 4.000 60.700 Net income % Income tax expense 50,400 39,800 Total expenses 422,100 343.000 Enter any number in the edit fields and then continue to the next question. $ 76,900 S 60,700| Net Income